Squadhelp CEO Darpan Munjal shared a series of tweets about the growth of the platform. Darpan shared that revenue last month was higher than any other month and 60% higher than the prior month. Like other growing companies, Squadhelp continues to reinvest proceeds into the platform and marketing of the platform:
We achieved record platform revenue last month since the launch of SH. Higher than any other month and 60% higher than just the previous month.
But there’s a bigger picture here 🧵
— Darpan (@darpanmunjal) September 26, 2023
In April, I submitted a small group of domain names for consideration to Squadhelp. Some of those domain names were approved, and I slowly added domain names to my portfolio as I found some success. At the moment, I have a little more than 100 premium listings on Squadhelp, and I submitted 30+ more this morning.
I have had some success on the platform. Prior to this morning, I had sold two domain names on payment plans. One domain name sale was paid-off early, and the second was canceled after two payments. For the second domain name, I kept the proceeds (minus commission), and the domain name was returned to me and listed for sale on the platform again.
This morning, I achieved my third payment plan sale. I sold a domain name for just shy of $5,000 with a 12 month payment plan. I caught the domain name on the drop in 2020, paying $14. Even if the buyer opts to cancel the plan, the sale was profitable after the commission is paid.
Following the transfer of the domain name and payout, I submitted an additional 30+ domain names for premium listing consideration. I noticed I only had 10 coins remaining since the last time I bought them, and I reinvested some of the proceeds to purchase an additional 100 coins. For those unaware, coins are used to submit premium listings and to promote active listings. I will continue to reinvest my proceeds and add domain names to Squadehelp as they continue to grow their business.
Over the years, I have been asked to partner on numerous domain industry projects. I am a demanding customer, and I have high expectations for the company with whom I do business. I know other investors are the same. I also know margins can be pretty slim in the domain investing space, making it difficult to grow a lucrative business without investing a ton of money and / or time. There are a few companies innovating in the domain name space, and I applaud their efforts. It’s not easy to find success, but I am happy to grow their business as they help me grow my own business.